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Industry

This year may see a broadly balanced oil market, reflecting slackening demand in advanced economies (impacted by monetary tightening), OPEC+ alliance cuts, plus a slowdown in non-OPEC supply, says economist Moin Siddiqi

Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group 

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